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Nigerian Banks

Eze Loses Equatorial Guinea Stake After Chevron Dispute

Arthur Eze’s Atlas Petroleum loses its Equatorial Guinea stake in Block I, clearing the way for Chevron to advance the Aseng gas development.

Nigeria’s Informal Workers Risk Old-Age Poverty, PenCom Warns

PenCom warns that Nigeria’s informal sector pension gap leaves millions facing retirement without savings, as new agents are deployed to expand pension coverage.

FG Threatens to Blacklist Banks Over N200 Billion USSD Debt

KEY POINTS FG will blacklist 18 banks on the principal of N200 billion USSD...

Senate Increases Windfall Tax on Banks to 70%

Nigerian Senate raises windfall tax on banks' foreign exchange gains to 70%, targeting redistribution of government-driven profits.

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.

GTCO Plans $750mn Rights Issue to Meet Capital Requirements

Nigeria’s Guaranty Trust Bank (GTCO) is gearing up to raise $750 million through a...

Nigerian Banks in Ghana Work to Resolve FX Trading Ban

Nigerian banks operating in Ghana are working with the Bank of Ghana (BoG) to...

Nigerian Banks Attract Record Deposits Amid Naira Crisis

Nigeria's major banks have seen a surge in customer deposits in the first nine...

CBN Mandates BVN, NIN Linking, Anticipates Customer Rush

CBN’s new BVN/NIN policy expected to cause a surge in bank and NIMC office visits across Nigeria.

Latest articles

Eze Loses Equatorial Guinea Stake After Chevron Dispute

Arthur Eze’s Atlas Petroleum loses its Equatorial Guinea stake in Block I, clearing the way for Chevron to advance the Aseng gas development.

Nigeria’s Informal Workers Risk Old-Age Poverty, PenCom Warns

PenCom warns that Nigeria’s informal sector pension gap leaves millions facing retirement without savings, as new agents are deployed to expand pension coverage.

Onitsha Main Market Reopens as IPOB Ends Sit-at-Home

Trading resumed cautiously at Onitsha Main Market after IPOB ended its sit-at-home order, but weak customer turnout highlighted lingering security fears.

Ekiti Courts Adopt Digital Platform Allowing Judges Remote Work

Ekiti State courts adopt the Nigeria Case Management System, allowing judges and lawyers to manage cases remotely as Nigeria advances judicial digital reform.